Mumbai, June 24 -- The combined value of India's top 10 most valuable non-state-run companies declined by Rs 11 lakh crore in 2026 compared to the previous year, according to the fifth edition of the '500 Most Valuable Non-State-Run Companies in India' report released by Axis Bank's Burgundy Private and Hurun India.

The report said the combined value of the top 10 companies stood at Rs 97 lakh crore a year earlier, which now declined to Rs 86 lakh crore.

Despite the decline, the report also added that the value of these companies remains significant, accounting for almost one-fourth of India's GDP and 27 per cent of the total value of the 2025 Burgundy Private Hurun India 500 list.

It stated "The combined value of the top 10 companies ...